Highly Profitable Family Medicine Practice, Running for 30+ years
Asking Price: | $2,300,000 |
Gross Revenue: | $2,331,830 |
EBITDA: | $1,146,000 |
Cash Flow: | $1,146,000 |
Rent: | $5,130/Month |
Established Year: | 1988 |
Solo-practitioner: Private family practice clinic running for 30+ years with shared office space, staff, and laboratory. There are currently 3 other private practitioner physicians in the building who share the space and equipment, an office manager, MAs, and billing staff. In-office procedures include a full New York State certified laboratory running a wide array of diagnostic testing. Access to ultrasound machine and technician included. Beautiful suburban community with lovely patients.
Financials:
Gross Revenue in 2023 was 2,331,830; Net income, less all expenses was $1,146,000;
Gross Revenue in 2022 was 2,590,000, expenses 1,240,000, for a net income of 1,351,000.
Gross revenue in 2021 was 2,801,329, with expenses of 1,417,537, for a net income 1,383,000.
The practice has had over 1 million take-home income for 15+ years. Happy to share all accounting and books. The seller has been a practicing physician for 30+ years and now wants to retire and transition this practice to someone both caring and business savy.
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